Gemini Advanced from Google DeepMind Now Available for Free to US Students Until 2026
Google DeepMind’s Announcement: Impact on AI Tokens
On April 18, 2025, Google DeepMind made a significant announcement regarding its advanced artificial intelligence (AI) capabilities. The company revealed that college students in the United States would have free access to its Gemini Advanced with 2.5 Pro and Deep Research tools until the end of finals in 2026. This news generated considerable excitement in various sectors, especially in the cryptocurrency market.
Surge in AI-Related Token Prices
Following the announcement, the prices of several AI-related cryptocurrencies soared. At 10:00 AM EST on April 18, the price of SingularityNET (AGIX) jumped by 8.5% to reach $0.87, reflecting a growing interest in AI innovations. Similarly, Fetch.ai (FET) saw a notable increase as its price rose by 6.2% to $0.72 during the same time frame. The response from the market was intense, with trading volumes for AGIX up by 120%, hitting approximately 150 million tokens within just an hour after the announcement.
Broader Market Implications
The ripple effects of this announcement extended beyond AI tokens. Other major cryptocurrencies, like Ethereum (ETH), also felt the rise, with its price increasing by 4.3% to $3,200 shortly after the news. It became evident that developments in AI were influencing overall market sentiment. In particular, trading pairs like AGIX/BTC and FET/ETH reported significant volume increases, highlighting increased investor interest and activity.
On-Chain Metrics and Market Engagement
Data gathered from on-chain metrics painted a clear picture of heightened activity in the market. For instance, AGIX witnessed a 150% increase in active addresses, reaching around 5,000 within the first hour of the announcement. This surge indicated increased engagement from both existing investors and potential new users drawn by the prospects of AI technologies.
Technical Insights into Market Activity
Traders are advised to keep an eye on technical indicators following such announcements. For instance, the Relative Strength Index (RSI) for AGIX reached 72 by 10:30 AM EST, which indicated overbought conditions that might suggest a potential short-term price correction. Conversely, the Moving Average Convergence Divergence (MACD) for FET indicated a bullish crossover, hinting at sustained upward momentum.
Notable Volume and Volatility Changes
The trading volumes for AI tokens across various exchanges surged significantly following the announcement. Within the first two hours, there was an average increase of about 110% in trading volumes for AI tokens. By 11:00 AM EST, AGIX’s Bollinger Bands widened considerably, suggesting heightened volatility and the possibility of notable price swings in the near future.
Insights into Investor Behavior
The activity related to on-chain metrics further highlighted robust investor interest. New addresses for AGIX increased by 250% within the first three hours, indicating that many new investors were eager to participate. The spike in transaction volume also indicated strong engagement, with transaction counts rising to 10,000 transactions per hour.
Trading Opportunities in the Current Market
For those engaged in cryptocurrency trading, moments like these present unique opportunities. The reported increases in trading volumes and prices for AGIX and FET make trading pairs like AGIX/BTC and FET/ETH particularly interesting for potential short-term gains.
Monitoring Market Conditions Post-Announcement
Traders should closely observe technical indicators such as RSI, MACD, and Bollinger Bands when navigating the market in the wake of such significant announcements. Using these tools helps identify potential entry and exit points in a rapidly changing market landscape.
Additionally, on-chain metrics provide valuable insights into market sentiment and investor engagement, which are crucial for making informed trading decisions. As AI continues to shape the cryptocurrency landscape, staying updated on related news and trends will be essential for maximizing trading opportunities.
